Zoe Corporation has the following information for the month of March. Determine the (a) cost of goods manufactured and (b) cost of goods sold. $\begin{array}{lr}
\text { Cost of materials used in production } & \$ 69,000 \
\text { Direct labor } & 27,000 \
\text { Factory overhead } & 34,000 \
\text { Work in process inventory, March 1 } & 15,000 \
\text { Work in process inventory, March 31 } & 19,500 \
\text { Finished goods inventory, March 1 } & 25,000 \
\text { Finished goods inventory, March 31 } & 23,000
\end{array}$

Question

Zoe Corporation has the following information for the month of March. Determine the  (a) cost of goods manufactured and  (b) cost of goods sold. $\begin{array}{lr}
\text { Cost of materials used in production } & \$ 69,000 \
\text { Direct labor } & 27,000 \
\text { Factory overhead } & 34,000 \
\text { Work in process inventory, March 1 } & 15,000 \
\text { Work in process inventory, March 31 } & 19,500 \
\text { Finished goods inventory, March 1 } & 25,000 \
\text { Finished goods inventory, March 31 } & 23,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Zoe Corporation has the following information for the month of March. Determine the  (a) cost of goods manufactured and  (b) cost of goods sold. $\begin{array}{lr}
\text { Cost of materials used in production } & \$ 69,000 \
\text { Direct labor } & 27,000 \
\text { Factory overhead } & 34,000 \
\text { Work in process inventory, March 1 } & 15,000 \
\text { Work in process inventory, March 31 } & 19,500 \
\text { Finished goods inventory, March 1 } & 25,000 \
\text { Finished goods inventory, March 31 } & 23,000
\end{array}$

Zoe Corporation Has the Following Information for the Month of March